Tacoma Town Center Buildings 3 & 4 Tacoma, WA

Tacoma Town Center is a multistory, mixed use development designed to take advantage of its elevation change by offering views of Tacoma’s burgeoning Brewery and Museum District, Mount Rainier and the downtown landscape. The project features specialty retail, entertainment, restaurants, shared office space, and multifamily housing. Tacoma Town Center is located in one of six census tracts designated as Opportunity Zones in Tacoma. It is also located adjacent to the University of Washington’s Tacoma satellite campus.

Buildings 3 & 4 are in the middle of the development and will begin first. They are comprised of 239 multifamily units, 2 retail spaces of 5,800 sqft, and 185 parking spaces.

Project Details

Units:

239 total residential units

80 studios (430 sqft)

49 1 bed/1 bath (700 sqft)

93 2 bed/2 bath (795 sqft)

17 live/work units 2 bed/2 bath (1,100 to 1,400 sqft)

Square Feet:
200,405
Entitlements:
Permit Ready
Construction Length:
20 months
Long Term Financing:
65% Loan to Value Max
Estimated Total Cost:
$77.306 MM
Target IRR:
32.86%